Sidel, the leading global provider of complete pet packaging lines and solutions for liquids, has today announced plans for a number of key changes to its business organisation. these important change

Sidel announces new organisational structure

04/09/2015

Central to the plans is the introduction of a new, more
streamlined functional structure, which will empower Sidel's
employees worldwide to deliver more expertise to the right place,
at the right time, to deliver the best complete line PET packaging
solutions. In addition to the operational efficiencies that
will be achieved through more centralised reporting lines and fewer
management levels, the changes will also generate cost savings that
will be reinvested back into developing improved solutions for
customers. The new structure, due for completion in early 2016,
will also ensure that customers will have faster access to Sidel's
global PET expertise and unrivalled local market knowledge.

As part of this planned reorganisation, Sidel also intends to
move its headquarters from Zug, Switzerland, to Parma, Italy, its
centre of excellence for complete lines and filling. The intended
transfer is to take place during the course of 2016.

These proposals unfortunately mean that there will be fewer
roles, with a 10% reduction of positions across Sidel's global
business. Sidel is currently actively engaged in discussions with
appropriate employee representatives to work through the planned
changes. It is committed to working closely with them to ensure
that any possible transitions are managed carefully, and that
employees are supported throughout this period. Plans are in
place to ensure that, where feasible, employees will be re-deployed
into new roles and that, in any case, those affected are treated
fairly.

Explaining the reasons for the changes, CEO Mart Tiismann,
commented:

"These planned changes are part of our long-term strategy to
focus on delivering the world's best PET complete line solutions
and equipment. We want to ensure that we will continue to provide
our customers with the very best support to help them succeed, in a
highly competitive market, today and in the future."

Tiismann went on to comment.

"We recognise that these changes will have an impact on our
people and we are committed to ensuring that any possible
transitions are managed effectively and sensitively, and that we
support our employees throughout this period."

Sidel will continue to drive the PET market by investing in
R&D to create more value for complete lines, equipment and
beverage packaging. This is why, alongside these planned
changes, more value will be created with innovations across the
whole packaging line, from the blower through to the
palletiser.

(Changes are subject to consultation with relevant employee
representatives where appropriate)

Click
here for further information on the new
organisational structure.